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The rooftop of the Clock Tower at the entrance to the Sighişoara Medieval Citadel will be completely replaced after it was discovered during consolidation works that the special tiles and metal covering were very deteriorated. Last year, extensive work began to replace all the beams that endangered the Clock Tower. A large-scale renovation of the…

JT Grup Oil, a company active in the fuel distribution market, debuted on August 6 on the AeRO market of the Bucharest Stock Exchange (BVB) under the ticker JTG. The listing of the company takes place after an IPO, in which the company managed to attract RON 19.9 million (approximately EUR 4 million) from investors.…

The 16th edition of the Film and Histories Festival in Râşnov (FFIR) kicks off on August 9 with a program encompassing film screenings, debates, concerts, lectures, theater performances, book launches, and a summer school. The festival, which runs until August 25 in Râşnov, Braşov, Feldioara and Codlea, focuses at this edition on the theme of…

Mircea Lucescu has accepted the Romanian Football Federation’s offer to become the national team’s new coach, replacing former coach Edi Iordănescu who chose not to continue after the Euro 2024 football tournament. A veteran coach, Lucescu took up the job after a four-hour discussion with the Romanian Football Federation Răzvan Burleanu president and another manager, Mihai…

Three productions by Xandra Popescu, Radu Jude and Christian Ferencz-Flatz will be screened at this year’s Locarno International Film Festival, set to take place between August 7 and August 17. Xandra Popescu’s short film On the Impossibility of an Homage will premiere at Locarno as part of the Pardi di Domani section, dedicated to experimental…

Amber, a video game development agency headquartered in Bucharest with offices worldwide, has acquired the Colombian game studio Madbricks as part of its strategy to develop a global network of studios, with a focus on emerging markets. The acquisition builds on the two parties’ successful collaboration, as Amber and Madbricks have worked together in the…

Romania and Serbia concluded on August 5 a memorandum of understanding (MoU) regarding the development of the Recaș–Mokrin natural gas interconnector. This EUR 87mn project would give Serbia access to the BRUA pipeline and connect the two countries’ gas transport grids. “At the same time, we are working closely to accelerate electricity interconnections, having all…

Romania’s central bank (BNR) should cut the monetary policy rate on August 7  to follow the Fed and to address the recession concerns, vice-president of the CFA Romania Society Adrian Codirlasu argues.  “The key interest rate is at 6.75%, and inflation at 5%. The gap is large, and it would be safe if the BNR…

The analysts’ expectations for a new rate cut on August 7, when the National Bank of Romania (BNR) holds its next monetary board, moderated as the global turmoil deepened recently.  There is hardly any consensus on the next step BNR, which initiated the monetary easing cycle in July, would take on its August 7 board…

Romania’s Liberal leader Nicolae Ciucă (PNL), whose presidential candidacy may undermine his party’s lucrative collaboration with the Social Democrats (PSD), reportedly came up with the idea of a “right-wing” bloc that would back in his presidential bid. “We are continuing the negotiations this week with the right-wing parties. The right-wing bloc is possible with joint…